Star Entertainment rallies as CEO Steve McCann departs
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More news: Shares in Star Entertainment rallied after the casino operator announced the departure of CEO Steve McCann after less than 18 months in the role.
Star shares were up 2.4% to 10.8 cents at 2:30pm AEDT, having dropped around 48% over the last 12 months.
Star Entertainment announces CEO departure
The news: The Star Entertainment Group has announced the departure of its CEO and MD Steve McCann effective from 16 December 2025. Bruce Mathieson Jnr will take on additional duties as executive chairman while a search for a new CEO is conducted.
McCann said he has agreed to assist the company through a handover period in relation to government and regulator interaction until 8 July 2026.
What they said: "Steve joined at a time of crisis for The Star and has helped to deliver a critical financial reset for the business and successfully progressed our remediation plan, which have laid out the foundations for The Star's long-term future success," Star executive chairman Bruce Mathieson said.
"We wish him well in his next endeavours."
The source: ASX
